Almost a year ago, on January 1, Solana was trading at $10 and its market value was almost $5 billion. Today it has reached a new high: its market value is $50 billion, and the price is $117 per $SOL. Now #Solana ranks 4th in terms of cryptocurrency market volume, behind only $BTC, $ETH and $USDT.

This significant growth can be attributed to the hype around #memecoins chains. The value of many memecoins has skyrocketed in recent months, leading to increased trading volume on decentralized exchanges (DEXs). Among memcoins, $BONK, the largest on Solana, currently ranks 3rd in market value, behind $DOGE and $SHIB.

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